"Recursive covenant" with CTV and CSFS

Posted by Nadav Ivgi

Mar 12, 2025/16:15 UTC

The email discusses a potential issue in Bitcoin transactions, particularly in scenarios involving multiple bidders or even in single transactions where the transaction fee might not be adequate. The primary concern is that a transaction preparing the fee UTXO (Unspent Transaction Output) might include enough fees to get itself confirmed but fail to provide sufficient fees for the main transaction to confirm as well. This situation could lead to what's termed as 'losing bids,' where users waste fees and space on the blockchain and are forced to initiate another transaction with a larger fee UTXO to succeed. This problem, initially underestimated, appears to be more significant and troublesome upon further consideration.

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